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DANGOTE GROUP
news and analysis about Dangote Group
Dangote Group, the owner of West Africa’s largest refinery, is set to begin crude oil production at its two Nigerian oil assets in the fourth quarter of 2024, according to a report by S&P Global Commodity Insights released on October 10.
Dangote Group plans to double its production of urea from the current three million tonnes in the next two years.
The Ministry of Petroleum Resources (Gas) has clarified media reports from senior official of the Dangote Group that company abandoned a proposed 1,200km subsea gas pipeline due to government policies stating that government policies were not responsible but a business decision for the company.
The Vice President of Dangote Industries Limited, Mr. Devakumur Edwin has disclosed the reason for jettisoning plans to build a 1200km subsea gas pipeline to bring gas from the sea to the shore.
The Nigerian National Petroleum Corporation (NNPC) has requested a permanent presence at the Dangote Refinery as part of their ongoing crude supply deal.
Aliko Dangote, the Nigerian industrial magnate and chairman of the Dangote Group, has regained his title as Africa’s richest man, overtaking South African billionaire Johan Rupert.
Johan Rupert, the South African billionaire and chairman of Richemont, the luxury goods conglomerate, has reclaimed his title as Africa's richest man.
The Federal Government has outlined 20 key road projects across the country, funded through its Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.
Dangote Group’s subsidiaries have emerged as major recipients in the latest Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN), purchasing at least $105.33 million in successful foreign exchange (FX) bids.
The report, published on Friday, claimed that technical problems had led the refinery to resell crude oil from the United States and Nigeria.
The Manufacturers Association of Nigeria (MAN) has called on federal government regulatory agencies especially those in the oil and gas sector to desist from making statements capable of demarketing local investments in the country.
Dangote Refinery is our only real 'agbado' in the fire. It is the only investment of its size that we as a nation have attracted ever and in the foreseeable future, and as such, all stakeholders must come together and put heads together to make it come on stream.